Middle East Economic Survey

VOL. LIII

No 39

27-Sep-2010

LIBYA

Libya Raises Its Stake In Italys UniCredit

The Libyan Investment Authority (LIA) has bought a further 0.5% stake in Italys UniCredit to take its stake to 2.59%. With the Central Bank of Libya (CBL) already holding a 4.99% stake in the Italian banking group, this acquisition will raise the overall stake held by Libyan investors in the bank to 7.58%. According the Financial Times of 17 September, this latest purchase has made Libya by far...